Month: June 2011

Banking News – SEC Proposes Affair Conduct Values for Wellbeing-Based Swap Dealers and Major Wellbeing-Based Swap Participants
&nbspThe Securities and Chat Fee today voted to propose rules that would impose certain affair conduct values upon wellbeing-based swap dealers and major wellbeing-based swap participants when those parties engage in wellbeing-based swap transactions.
SEC.gov Updates: Press Releases – http://www.sec.gov/news/press/2011/2011-137.htm

Banking News – SEC Charges Raymond James for Auction Rate Securities Sales Practices
&nbspFirm Agrees to Buy Back All Outstanding ARS from Eligible Customers.
SEC.gov Updates: Press Releases – http://www.sec.gov/news/press/2011/2011-136.htm

Banking News – Goldman, Citi and Others to Invest $55 Million in Carver Bancorp
&nbspSeveral of the nation’s largest fiscal air force firms have teamed to recapitalize the ailing Carver, which has been under an enforcement order since March to boost its capital ratios.
Union Banking – http://www.americanbanker.com/issues/176_125/carver-goldman-sachs-citigroup-1039610-1.html

Banking News – Greedy Renasant to Buy RBC Bank’s Ala. Trust Operations
&nbspRenasant Corp. in Tupelo, Miss., said the deal will boost its wealth management and trust assets under management and advisement to about $1.5 billion.
Union Banking – http://www.americanbanker.com/issues/176_125/renasant-buy-rbc-bank-alabama-trust-operations-1039599-1.html

Banking News – West Bancorp. Announces Tarp Exit
&nbspThe West Des Moines, Iowa, company said Wednesday that it exited the Uneasy Asset Relief Program and was able to redeem $36 million in ideal stock.
Union Banking – http://www.americanbanker.com/issues/176_125/west-bancorp-announces-tarp-exit-1039597-1.html

Banking News – Macatawa Bank Corp. Completes $10.25M Common Equity Raise
&nbspMacatawa Bank in Holland, Mich., has closed on a $10.25 million of common equity in public donation and now should have enough capital to satisfy its dictatorial order.
Union Banking – http://www.americanbanker.com/issues/176_125/macatawa-completes-common-equity-raise-1039596-1.html

Banking News – BankAtlantic Touts Capital Might as Rights Offerings Falls Well Small of Goal
&nbspAlthough BankAtlantic only raised about a third of what it hoped to in a rights donation, CEO Alan Levan said it should be enough to allow the company to place its worst days behind it.
Union Banking – http://www.americanbanker.com/issues/176_125/bankatlantic-levan-1039592-1.html

Banking News – First BancCorp’s Capital Raise Exceeds $500 Million
&nbspPrivate-equity groups and other have investors have committed roughly $515M to recapitalize the San Juan, P.R., bank, to help convert its ideal stock into common stock.
Union Banking – http://www.americanbanker.com/issues/176_125/first-banccorp-capital-raise-exceeds-500M-1039585-1.html

Banking News – CenterState Unloads $7.9 Million of Problem Loans
&nbspCenterState Banks Inc. in Futon, Fla., has sold off a chunk of nonperforming loans in a deal that it says would free up capital that it could use for future additional room.
Union Banking – http://www.americanbanker.com/issues/176_125/centerstate-unloads-problem-loans-1039571-1.html

Banking News – First PacTrust Set to Raise $31.5M
&nbspFirst PacTrust Bancorp in Chula Vista, Calif., said late Tuesday that it expects to raise about $31.5 million from selling common stock.
Union Banking – http://www.americanbanker.com/issues/176_125/first-pactrust-1039566-1.html

Banking News – Anchor BanCorp Boosts Capital Ratios Despite 1Q Loss
&nbspThe struggling Anchor BanCorp Wisconsin reported a loss of $21.7 million for the quarter that finished March 31, contraction losses by 27% from a year earlier.
Union Banking – http://www.americanbanker.com/issues/176_125/anchor-bancorp-capital-ratios-1039565-1.html

Banking News – Deals face a hushed summer as worries mount up
&nbspWorries about European independent debt, fiscal over-reach by governments and tumultuous global markets now threaten bankers with a silent summer
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/7c3ec396-a275-11e0-9760-00144feabdc0.html?ftcamp=rss

Banking News – Dealmaking slides 17.5% on outlook concerns
&nbspGlobal merger and acquisition slumped in the past months as companies took fright from concerns about the future of the eurozone and the economy
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/5f3ecba4-a281-11e0-9760-00144feabdc0.html?ftcamp=rss

Banking News – Surge in IPOs masks shareholder joylessness
&nbspGlobal offerings edged up 8% to $102bn in the first half of the year, but bankers say the headline figure hides a trying time for company floats
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/21b73132-a28f-11e0-9760-00144feabdc0.html?ftcamp=rss

Banking News – Bain plans additional room in Rio to meet demand
&nbspConsultancy to open office in Rio de Janeiro as multinationals boost their incidence in the city to take part in the exploitation of Brazil’s large ‘pre-salt’ oilfields
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/75cf451c-a275-11e0-9760-00144feabdc0.html?ftcamp=rss

Banking News – Barclays sells $740m assets to Axa Private Equity
&nbspThe sale of a choice of private equity fund funds adds to a wave of disposals of uncommon assets by banks in the light of tighter parameter
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/021005d0-a2e3-11e0-a9a4-00144feabdc0.html?ftcamp=rss

Banking News – Your recruitment questions answered
&nbspNew accountant intends to follow the money
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/edf77802-a2f7-11e0-a9a4-00144feabdc0.html?ftcamp=rss

Banking News – Quick View: Failure puts LSE in sweet spot
&nbspThe LSE’s failure to secure a deal with Canada’s TMX chat has revived hopes that Nasdaq OMX may return with an offer
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/853e5a0a-a2e4-11e0-a9a4-00144feabdc0.html?ftcamp=rss

Banking News – Federal Reserve allows higher debit card fees
&nbspThe US Federal Reserve set a higher than probable cap on debit card transaction fees, lifting the shares of electronic payments companies Visa and ­MasterCard
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/c655af12-a2a7-11e0-83fc-00144feabdc0.html?ftcamp=rss

Banking News – Investment banking: rankings
&nbspThomson Reuters weekly compilation is a leading guide of the health of the diligence and the relation permanent of competitors
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/3/91bbc380-a29e-11e0-83fc-00144feabdc0.html?ftcamp=rss